Why are there similar appearing "questions" about "allcreditdata.com" across multiple boards, and generally from posters posting for the first time on a board, implying that one should check on their credit files at this company, with little other information supplied? http://www.collectionindustry.com/forum/messageview.cfm?catid=11&threadid=5350 http://www.quatloos.com/Tax-Forums/viewtopic.php?t=1005487 http://public.findlaw.com/mboards/webx.html?14@233.I6HcelgRke3^0@.ef05adf/4353 http://www.pcmholdings.com/Forum/forum_posts.asp?TID=1160&PN=1&TPN=1 http://debtorboards.com/smf/index.php?PHPSESSID=42afe235fbe78bc5c420356a0e3ee977&topic=2322.0
I was at J.C.Penny today and saw a sign next to the register.The sign said allcreditdata a credit reporting agency.
J.C. Penney in what city? What did the sign say? And why does it matter to you? If J.C. Penney were to use any CRA's information, even a regional one, in a decision to reject credit, the consumer would have to be given an adverse action notice, notifying him of which CRA was used, and the CRA would be required to provide a free credit report to the consumer, and to handle consumer disputes, as required by FCRA. Under FACTA, the same applies to CRAs who prepare "merged" reports. There is thus little reason for a consumer to proactively monitor any but the big three CRAs. The whole purpose of checking credit reports before opening credit accounts is to be sure a consumer doesn't have a negative history. That requires using CRAs that are likely to have received negative information if there was any payment problem with that consumer. But why a national department store chain would use any CRA other than the big three to qualify opening new credit accounts is beyond me.
